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BM accounting

Drawings money or assets taken out of the business for the owners use
Current Assets short term assets which can quickly be turned into cash
Mortgage long term loan based on using property as securtity
debtors people or businesses that owe money to the organisation
Assets terms on a balance sheet that a business owns or is owed
Current Liabilities debtors that a business must pay in the short term
Fixed Assets assets with a life of more than one year
balance sheet statement showing the financial postion of the organisation.
Created by: LaurenPearson

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